My gf and I bought a house with bank loan and S&P under both of our names. This is my 1st property, while it's 2nd property for my gf.

We would like to withdraw money from account 2. Can both of us withdraw the money provided my gf didnt withdraw any epf account 2 money during 1st property purchase? Both properties has her name in the S&P and bank loan.

Also, the EPF will directly bank in to my own personal account or bank loan account?

This post has been edited by kennykck: Feb 24 2019, 06:23 PM

Yes. Is there any due date to utilize this withdrawal from S&P signing date?

Make a copy (or 2) on all the documents you have. S&P, bank loan agreement, borang with a stamp (forgot the name), IC... Just bring all documents there incase need to photocopy there.

in your case, max withdrawal is 10% only i think

Yes provided this is your first EPF withdrawal for property. If you withdraw once already, you have to sell the previous property before eligible for another withdrawal.

Whsat I know is, you can withdraw max 20% of your house value from EPF 2nd account if you borrow 90% loan, or 10% of house value if borrow 100% loan. As to how you gonna use the money after withdrawal (into your bank account), is up to you.

Yes. Managed to withdraw all from account 2. Make sure you bring all the documents there, there is a photocopy shop incase you forgot to photocopy some documents. The application process and money transfer is fast, really efficient.

Any amount up to 20% of your house value if not mistaken.

Any amount up to 20% of your house value if not mistaken.

Any amount up to 20% of your house value if not mistaken.